Nabors Energy Transition (NETC) Financial Statements
Price: $11
Market Cap: $184.26M
Avg Volume: 76.76K
Market Cap: $184.26M
Avg Volume: 76.76K
Country: US
Industry: Shell Companies
Sector: Financial Services
Industry: Shell Companies
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Nabors Energy Transition.
Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 |
|---|---|---|
| Revenue | $- | $- |
| Cost of Revenue | $- | $- |
| Gross Profit | $- | $- |
| Gross Profit Ratio | 0.00% | 0.00% |
| Research and Development Expenses | $- | $- |
| General and Administrative Expenses | $1.96M | $335 |
| Selling and Marketing Expenses | $- | $- |
| Selling General and Administrative Expenses | $1.96M | $335 |
| Other Expenses | $- | $- |
| Operating Expenses | $1.96M | $335 |
| Cost and Expenses | $1.96M | $335 |
| Interest Income | $4.07M | $4 |
| Interest Expense | $- | $-3.21K |
| Depreciation and Amortization | $228.49K | $3.21K |
| EBITDA | $-1.96M | $4 |
| EBITDA Ratio | 0.00% | 0.00% |
| Operating Income | $-1.96M | $-335 |
| Operating Income Ratio | 0.00% | 0.00% |
| Total Other Income Expenses Net | $4.07M | $4 |
| Income Before Tax | $2.11M | $-331 |
| Income Before Tax Ratio | 0.00% | 0.00% |
| Income Tax Expense | $812.47K | $-3.21K |
| Net Income | $1.30M | $-331 |
| Net Income Ratio | 0.00% | 0.00% |
| EPS | $0.05 | $-0.03 |
| EPS Diluted | $0.05 | $-0.03 |
| Weighted Average Shares Outstanding | 27.60M | 11.40K |
| Weighted Average Shares Outstanding Diluted | 27.60M | 11.40K |
| SEC Filing | Source | Source |
Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 |
|---|---|---|
| Cash and Cash Equivalents | $468.46K | $2.51M |
| Short Term Investments | $- | $- |
| Cash and Short Term Investments | $468.46K | $2.51M |
| Net Receivables | $- | $- |
| Inventory | $- | $- |
| Other Current Assets | $375.00K | $- |
| Total Current Assets | $843.46K | $2.51M |
| Property Plant Equipment Net | $- | $- |
| Goodwill | $- | $- |
| Intangible Assets | $- | $- |
| Goodwill and Intangible Assets | $- | $- |
| Long Term Investments | $284.84M | $- |
| Tax Assets | $- | $- |
| Other Non-Current Assets | $- | $281.52M |
| Total Non-Current Assets | $284.84M | $281.52M |
| Other Assets | $- | $- |
| Total Assets | $285.68M | $284.03M |
| Account Payables | $236.00K | $232.56K |
| Short Term Debt | $10.46K | $597.50K |
| Tax Payables | $87.47K | $- |
| Deferred Revenue | $- | $-598 |
| Other Current Liabilities | $- | $598 |
| Total Current Liabilities | $333.93K | $830.05K |
| Long Term Debt | $- | $- |
| Deferred Revenue Non-Current | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- |
| Other Non-Current Liabilities | $11.13M | $- |
| Total Non-Current Liabilities | $11.13M | $10.28M |
| Other Liabilities | $- | $- |
| Total Liabilities | $11.46M | $11.11M |
| Preferred Stock | $- | $- |
| Common Stock | $284.48M | $281.52M |
| Retained Earnings | $-10.26M | $-8.60M |
| Accumulated Other Comprehensive Income Loss | $- | $- |
| Other Total Stockholders Equity | $- | $- |
| Total Stockholders Equity | $274.22M | $272.92M |
| Total Equity | $274.22M | $272.92M |
| Total Liabilities and Stockholders Equity | $285.68M | $284.03M |
| Minority Interest | $- | $- |
| Total Liabilities and Total Equity | $285.68M | $284.03M |
| Total Investments | $284.84M | $- |
| Total Debt | $10.46K | $597.50K |
| Net Debt | $-458.00K | $-1.91M |
Cash Flow Statement
| Breakdown | December 31, 2022 | December 31, 2021 |
|---|---|---|
| Net Income | $1.30M | $-331 |
| Depreciation and Amortization | $- | $- |
| Deferred Income Tax | $- | $- |
| Stock Based Compensation | $- | $- |
| Change in Working Capital | $-17.03K | $- |
| Accounts Receivables | $- | $- |
| Inventory | $- | $- |
| Accounts Payables | $3.44K | $- |
| Other Working Capital | $-20.47K | $- |
| Other Non Cash Items | $-4.07M | $335 |
| Net Cash Provided by Operating Activities | $-2.79M | $4 |
| Investments in Property Plant and Equipment | $- | $- |
| Acquisitions Net | $- | $- |
| Purchases of Investments | $- | $- |
| Sales Maturities of Investments | $- | $- |
| Other Investing Activities | $755.58K | $-375.36K |
| Net Cash Used for Investing Activities | $755.58K | $-375.36K |
| Debt Repayment | $- | $- |
| Common Stock Issued | $- | $- |
| Common Stock Repurchased | $- | $- |
| Dividends Paid | $- | $- |
| Other Financing Activities | $- | $378.70K |
| Net Cash Used Provided by Financing Activities | $- | $378.70K |
| Effect of Forex Changes on Cash | $- | $- |
| Net Change in Cash | $-2.04M | $3.34K |
| Cash at End of Period | $468.46K | $3.34K |
| Cash at Beginning of Period | $2.51M | $- |
| Operating Cash Flow | $-2.79M | $4 |
| Capital Expenditure | $- | $- |
| Free Cash Flow | $-2.79M | $4 |